AAII Sentiment Survey: Neutral Sentiment Stays Above 38 Percent for Second Week

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Neutral sentiment is above 38 percent on consecutive weeks for the first time in nearly 11 years, according to the latest AAII Sentiment Survey. Optimism slipped below its historical average, while pessimism remains at low levels.

Bullish sentiment, expectations that stock prices will rise over the next six months, declined 0.9 percentage points to 38.1 percent. This is the first time in nine weeks and just the fourth time in the past 20 weeks that bullish sentiment is below its historical average of 39.0 percent.

Neutral sentiment, expectations that stock prices will stay essentially unchanged, declined 1.4 percentage points to 38.1 percent. This is the first time neutral sentiment has been above 38 percent on consecutive weeks since February 6 and February 13, 2003. The historical average is 30.5 percent.

Bearish sentiment, expectations that stock prices will fall over the next six months, rebounded by 2.3 percentage points to 23.8 percent. Even with the improvement, this is the 15th consecutive week and the 18th out of the past 20 weeks with pessimism below its historical average of 30.5 percent.

Regarding this week’s results, the current consecutive streak of below average bearish sentiment readings is the longest since the 28-week period of August 14, 2003 to February 26, 2004.

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